GLASSMAN AUTOMOTIVE GROUP RIP-OFF FINANCING SOUTHFIELD, Michigan
I purchased a KIA from these thieves in 2012. This vehicle is not worth more than 19,000 if I follow through and pay these thieves for the full term of the loan.I wil have paid 33,000.My credit was bad at time of purchase, and I know that my interest rate would be high but these thieves locked me in to a 73 month 19.5 % interest rate loan.Thank God I have some savings and will pay this vehicle off in full in 2014 so that these money hungry bastards only make the smallest profit .I will never purchase a vehicle from them again, nor would I recommend anyone with poor credit to them.My friends and I will stick to the domestic automakers from now on.This was just to advise any future buyers of their everyone gets financed motto, unfortunately I did not look around for other options.There are honest and credit friendly dealerships you just have to look hard before you purchase anything from these four wheeled ,four legged snakes.
2 Updates & Rebuttals
Glopez
Hamburg,Michigan,
Bad Credit
#3Author of original report
Sun, April 21, 2013
I was honest and said my credit was bad .I just find it an abuse to charge that type of interest to anyone .Yes we should be held responsible for our financial obligations, but abusive rates such as this are uncalled for.So yes, I am restating Glassman Automotive Group abuses people with poor credit.
coast
Not a rip-off
#3Consumer Comment
Sun, April 21, 2013
"these thieves locked me in to a 73 month 19.5 % interest rate"
A high interest rate does not constitute a rip-off. You agreed to the terms of the contract.
Your credit was poor because you failed to honor previous financial agreements. You should have agreed to a 60-month or less contract but you elected to a longer term because you wanted lower monthly payments. That always results in a greater payoff amount.
It is not a rip-off unless the dealer failed to honor the agreement.